SAN DIEGO, May 6, 2019
/PRNewswire/ -- Realty Income Corporation (Realty Income, NYSE: O),
The Monthly Dividend Company®, today announced that it
has commenced an underwritten public offering of 11,000,000 shares
of common stock. The company also plans to grant the underwriters a
30-day option to purchase up to 1,650,000 additional shares of
common stock. The underwriters for the offering are: BofA Merrill
Lynch, Morgan Stanley, Wells Fargo Securities, Credit Suisse,
Goldman Sachs & Co. LLC, J.P. Morgan, RBC Capital Markets,
Barclays, Citigroup, Jefferies, Mizuho Securities, and Stifel
(joint book-running managers), Baird, Regions Securities LLC, and
UBS Investment Bank (co-lead managers), BB&T Capital Markets,
BTIG, BMO Capital Markets, BNY Mellon Capital Markets, LLC, MUFG,
Scotiabank, and TD Securities (senior co-managers), Comerica
Securities, D.A. Davidson & Co., Janney
Montgomery Scott, Ladenburg Thalmann, Ramirez & Co.,
Inc., Raymond James, Evercore ISI,
and Moelis & Company (co-managers).
The company intends to use the net proceeds from the offering to
repay all or a portion of the borrowings outstanding under its
$3.0 billion unsecured revolving
credit facility and, to the extent not used for that purpose, to
fund potential investment opportunities and/or for other general
corporate purposes.
A preliminary prospectus supplement and accompanying prospectus
related to the public offering of these securities have been or
will be filed with the Securities and Exchange Commission. Copies
of the preliminary prospectus supplement and prospectus, when
available, may be obtained from BofA Merrill Lynch, Attn:
Prospectus Department, NC1-004-03-43, 200 North College Street,
3rd floor, Charlotte,
NC 28255-0001 or email dg.prospectus_requests@baml.com; or
Morgan Stanley, Attn: Prospectus Department, 180 Varick Street,
2nd Floor, New York, New
York 10014; or Wells Fargo Securities, Attn: Equity
Syndicate Department, 375 Park Avenue, New York, New York 10152, telephone:
1.800.326.5897 or email: cmclientsupport@wellsfargo.com.
These securities are offered pursuant to a Registration
Statement that has become effective under the Securities Act. These
securities are only offered by means of the preliminary prospectus
supplement related to the offering and the related prospectus. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any offer or
sale of these securities, in any state or other jurisdiction where,
or to any person to whom, the offer, solicitation, or sale of these
securities would be unlawful prior to the registration or
qualification under the securities laws of any such state or other
jurisdiction.
Forward-Looking Statements
Statements in this press release that are not strictly
historical are "forward-looking" statements. Forward-looking
statements involve known and unknown risks, which may cause the
company's actual future results to differ materially from expected
results. These risks include, among others, general economic
conditions, local and foreign real estate conditions, tenant
financial health, the availability of capital to finance planned
growth, continued volatility and uncertainty in the credit markets
and broader financial markets, property acquisitions and the timing
of these acquisitions, charges for property impairments, and the
outcome of any legal proceedings to which the company is a party,
as described in the company's filings with the Securities and
Exchange Commission. Consequently, forward-looking statements
should be regarded solely as reflections of the company's current
operating plans and estimates. Actual operating results may differ
materially from what is expressed or forecast in this press
release. The company undertakes no obligation to publicly release
the results of any revisions to these forward-looking
statements that may be made to reflect events or circumstances
after the date these statements were made.
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SOURCE Realty Income Corporation